Sunpointe LLC Acquires 172 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sunpointe LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,303 shares of the company’s stock after buying an additional 172 shares during the period. Sunpointe LLC’s holdings in CrowdStrike were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Synergy Financial Group LTD raised its holdings in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares in the last quarter. M3 Advisory Group LLC raised its stake in shares of CrowdStrike by 2.8% during the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after purchasing an additional 32 shares in the last quarter. Meridian Financial Partners LLC boosted its holdings in shares of CrowdStrike by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after buying an additional 33 shares during the last quarter. First Affirmative Financial Network grew its stake in shares of CrowdStrike by 4.2% in the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after buying an additional 33 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent analyst reports. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. BMO Capital Markets raised their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Needham & Company LLC boosted their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Finally, Rosenblatt Securities lifted their target price on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $379.73.

Insider Buying and Selling at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock worth $51,038,529 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 1.1 %

CRWD opened at $450.14 on Thursday. The company’s 50 day moving average is $382.58 and its 200-day moving average is $327.63. The company has a market cap of $110.87 billion, a P/E ratio of 882.64, a PEG ratio of 18.50 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.